HEIKOTradingSystem

Aug 26, 2021 Natural Gas Analysis for possible sell

Short
NYMEX:NG1!   Natural Gas Futures
Price action went straight up after the IEA report spoke about a possible hurricane hitting the Gulf this weekend. This of course pushed the price right outside the Linear Regression indicator. The 11:15 candle high is 4.123 so as long as future candles don't get that high, then this is a good indicator that price action may not(MAY NOT) get higher this session. With that in mind I am putting in a sell order for 4.088 with my usual TP of 20 points, 4.068. I expect this will be triggered and hit within 5 trading sessions. Remember to always follow price action - indicators are LAGGING indicators. 4.088 is the high of the 10:45am candle. Good luck to all traders and I'll see you tomorrow with another post :-)

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